Autostrade Per l'Italia SpA (ATOSTR)

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Autostrade Per l'Italia SpA (ATOSTR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	ATOSTR	Autostrade Per l'Italia SpA	€500		2	EMEA	Jan 23, 2025

Tranche #1Autostrade Per l'Italia SpA

currency

EUR

size (m)

250.000

maturity

Jun 28, 2032

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB-

fitch

BBB

size description

re-open/tap

Yes

ipt

MS+155 a

ipt-pxd

guidance

MS+140-145

spread

140

coupon

4.250%

spread set

price

102.57500

yield

3.841%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Autostrade Per l'Italia SpA

currency

EUR

size (m)

250.000

maturity

Feb 28, 2036

type

Fixed

tenor

11.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB-

fitch

BBB

size description

re-open/tap

Yes

ipt

MS+190 a

ipt-pxd

guidance

MS+175-180

spread

175

coupon

4.625%

spread set

price

103.16400

yield

4.260%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Registration: Reg S Only; Comments: EUR250m 7yr(6/26/2032) cpn 4.250% at 102.575, yld 3.841%. Spread: MS+140bps. 147.0bps vs. DBR 0 02/15/2032 @84.77 (2.371% ( HR: 110%). Relevant Event: Put. Clean-up Call: 80%. Par Call: 3m. MWC: B+30bps.New Total: EUR500m. LEI: 815600149448CEB9B230; 11 yr: Registration: Reg S Only; Comments: EUR250m 11yr(2/28/2036) cpn 4.625% at 103.164, yld 4.260%. Spread: MS+175bps. 168.9bps vs. DBR 0 05/15/2035 @77.00 (2.571% ( HR: 115%). Relevant Event: Put. Clean-up Call: 80%. Par Call: 3m. MWC: B+35bps. New Total: EUR500m. LEI: 815600149448CEB9B230;

Deal Comments

Tap; Sustainability linked. EUR250m tap of 4.25% due 6/28/2032. EUR250m tap of 4.625% due 2/28/2036

Use of Proceeds

General Corporate Purposes

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Autostrade Per l'Italia SpA (ATOSTR)

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